BKN
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0.00% $3.24 bradken limited

Ann: Update on Non-Binding, Indicative Proposal, page-7

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  1. newB
    7,182 Posts.
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    28/01/15
    09:28
    Post #: 14650059
    The SP was 3.30 when the TO announced, but the ore price has dropped further and whole industry is a lot worse since then.

    BKN is not only debt ladden but also suffers intensified cash flow pressure.
    A capital raising is inevitable.

    Similar to a BBG story.
    BKN Price at posting: $4.11 Sentiment: None Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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